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Redevelopment Opportunity 1560 Wagar Rd 4 Unit Apartment Building £629,791 (£157,448/Unit) Rocky River, OH 44116
EXECUTIVE SUMMARY
Excellent redevelopment opportunity in the heart of Rocky River, ideal for townhomes or a new apartment complex. The site, located across from Rocky River High School—ranked 5th in Ohio—can support up to 25 apartment units (20 two-bedroom and 4 one-bedroom) or approximately 20 townhomes. Zoned R-4 Multi-Family, it allows buildings up to 36 feet high and can accommodate around 50 parking spaces. The location offers convenient access to I-90 and is close to dining, shopping, and services in both Rocky River and Fairview Park.
PROPERTY FACTS
| Price | £629,791 | Apartment Style | Low-Rise |
| Price Per Unit | £157,448 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 0.79 ac |
| Sale Condition | Redevelopment Project | Property Size | 24,402 sq ft |
| No. Units | 4 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built/Renovated | 1956/1990 |
| Property Subtype | Apartment | ||
| Use Class | MF-R4 | ||
| Price | £629,791 |
| Price Per Unit | £157,448 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.79 ac |
| Property Size | 24,402 sq ft |
| No. Floors | 2 |
| Year Built/Renovated | 1956/1990 |
| Use Class | MF-R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 303-01-011 | Improvements Assessment | £69,525 |
| Land Assessment | £32,208 | Total Assessment | £101,733 |
PROPERTY TAXES
Parcel Number
303-01-011
Land Assessment
£32,208
Improvements Assessment
£69,525
Total Assessment
£101,733
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Redevelopment Opportunity | 1560 Wagar Rd
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